The city of Nice ranks 4th among the best destinations to invest in Europe. A ranking established according to the European Best Destinations (EBD) guide and Forbes USA.
The ranking established by EBD in collaboration with Forbes USA places Nice at the 4th spot among the “best destinations to invest in Europe.” This recognition highlights various criteria such as tax advantages, price per square meter, number of sunny days, as well as proximity to universities, airports, and transportation infrastructure.
Nice stands out as a reference in real estate investment. For over thirty years, the real estate market in the Nice region has been distinguished by its stability. Local agencies confirm that no financial operations in this sector have resulted in losses during this period.
This stability can be explained by several factors. The scarcity of new constructions and a strong foreign demand create a favorable balance. “Despite having some of the highest prices per square meter in Europe, this region remains one of the most attractive for investment,” the EBD guide emphasizes. Numerous international investors, notably South Africans, Americans, Dutch, Germans, English, and Austrians, acquire properties in the region.
Prestigious real estate also attracts investors. A luxury apartment with a sea view can cost around 3 million euros and generate up to 15,000 euros in weekly rental income during high season.
A Favorable Economic Strategy
Since 2008, Nice has focused on a pro-business economic strategy. This approach promotes both business development and the improvement of quality of life. Each euro publicly invested thus generates ten euros in private investments.
“Investing on the Côte d’Azur is like buying a vintage Château Rothschild: expensive, but safe,” explain the EBD guide specialists. The potential for profitability, combined with advantageous economic policies, reinforces Nice’s status as an ideal destination for real estate investment.
In conclusion, Nice offers a rare combination of economic and environmental assets. Its market stability, international appeal, and varied opportunities make it a wise choice for investors in Europe.